A large part of the Australian business news that you may hear is correlated with Australian tourism since a significant proportion of the country's GDP actually comes from tourism. In general terms, if one was to look at Australian business news in the last 15 years, it has been good news almost all the time. The unemployment has been low, inflation has also been controlled and the mining industry is extremely strong.
Over the years, however, the Australian economy has become more global and the association with Asian markets means that a lot of the Australian business news is impacted by what is happening in these markets. With an increase in the trade with these countries a large number of immigrants from Japan, China, South Korea and Philippines are coming onto the shores of Australian and forming part of the Australian business news that we hear these days.
Australian business news states that about half of the Australian dollars earned in export are now coming from what is called Easy Asia. Half of the foreign direct investment that Australia is making is also in Asian countries.
A large part of the dynamic and ever changing Australian business news that we hear today is due to the merging of the Australian Stock Exchange and the Sydney Futures Exchange in 2006 that make this exchange the 8th largest one in the world.
Australian business news often refers to the country as the lucky land or the lucky country due to the geographic isolation, pleasant climate and abundance of mining opportunities.
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About the Author:
Mel loves shopping and writes about business news among other business related topics.
Author: Mel C